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The Latest Breaking News from FTX

After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

Bitcoin and other digital currencies are rallying, emerging from a stormy period with the conviction that crypto is here to stay.

WEKU

Solana's Price Surge Leads To Record-Breaking Metrics As It Flips BNB, XRP

When FTX declared bankruptcy in November 2022, many expected that Solana would not bounce back and would trade at a meager $10. However, it rose from the ashes and was trading above the $100 threshold.

International Business Times

SBF-Linked Cryptocurrency Rises And Flips Ripple, Grabs Fifth Place On Top Crypto List

Solana survived the selling pressure from holdings in the FTX bankruptcy estate, and its growth is attributed to its flourishing decentralized finance ecosystem.

International Business Times

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Marvel, crypto, Tucker Carlson: eight of 2023’s most spectacular downfalls

Experts on tech, politics and culture weigh in on the year the hype faded and what could come next

The Guardian - US

FTX Digital Markets Delights Debtors, Settles in Crypto Harmony

BREAKING: FTX Digital Markets breaks new ground as it amicably settles with debtors, embracing innovation in fintech-crypto landscape. Exciting times ahead!

Top News

John Crace on the villains of 2023: ‘We used to debate whether she was dim or vindictive. The answer appears to be both’

This year’s rogue’s gallery is full to the brim. The Guardian’s sketch writer picks out some of the biggest rotters, from Suella and SBF to Elon Musk and Lord Dave

The Guardian - UK

Bankrupt FTX And Celsius Move Multi-Million Dollars In ETH To Various Exchanges

The latest movements of ETH stashes by Celsius and FTX underscore the strategic reactions of both crypto businesses to the positive movement of the market.

International Business Times

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Bankman-Fried's Case 'Almost Impossible To Win,' SBF Is The 'Worst Witness,' Defense Counsel Admits

The 76-year-old legal expert also disclosed how Bankman-Fried made things all the more challenging when he went off the script during his testimony, eventually making his case "unwinnable."

International Business Times

FTX Warns Of Potential Delay In Customers' Compensation Amid IRS' $24B Tax Claim

FTX, in its filing to a Delaware court, called the IRS' tax claim "meritless."

International Business Times

Politicians and regulators keep shouting that crypto is synonymous with fraud. Here’s why they’re wrong

An entire industry shouldn't be condemned because of a few bad actors.

Fortune

How Solana Blockchain Can Stay In The Sun With Sam Bankman-Fried Gone

Solana's renaissance may come as a surprise to some crypto pundits who predicted at the end of 2022 that the collapse of FTX and Alameda would trigger the demise of the ultra-fast blockchain so often praised by Sam Bankman-Fried before his disgrace as being the only blockchain that had the…

International Business Times

Crypto firms could spend more on lobbying than in 2022—when FTX and Sam Bankman-Fried were still writing checks

Even without Sam Bankman-Fried, blockchain firms continue to pour money into D.C.

Fortune

Bankman-Fried's Decision On Post-Trial Motions Hints At Possible Appeal

It is not yet clear whether prosecutors want to move forward with the ex-crypto mogul's second trial in March, where he will be tried for five charges.

International Business Times

Footballer Ronaldo faces $1bn+ class action lawsuit for promoting Binance to unwary customers, and he's still doing it

The forward says he and Binance are currently "cooking something up".

PC Gamer

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Evening Standard

What is the $1 billion lawsuit facing Cristiano Ronaldo?

Football star being sued for Binance endorsement

The Conversation

FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation

True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$4.3 billion (£3.4 billion) for its involvement in money laundering.

The Independent UK

Cristiano Ronaldo faces $1bn lawsuit for promoting NFTs

Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting the beleaguered cryptocurrency exchange Binance

Fortune

Pro-crypto Majority Whip Tom Emmer denounces CBDCs as a ‘surveillance tool’ and calls for stablecoin oversight

Speaking about Tether, Emmer said, “We need to have this stuff here.”

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news in one place.

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The Independent UK

Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

International Business Times

FTX Wins Court Approval To Sell Nearly $900M Worth Of Grayscale, Bitwise Trust Assets

FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.

Fortune

MLB and Formula 1 targeted in new, multibillion-dollar suit over their promotions of FTX now that judges ‘updated the laws for the internet age’

The lawsuits also take aim at Cristiano Ronaldo, Mercedes-Benz, ad giant Dentsu, and global talent agency Wasserman.

The Independent UK

Bankman-Fried forced to trade mackerel for prison haircut

The tinned fish is reportedly one of the most popular items from the jail commissary

Zenger

Binance Founder Zhao’s Wealth Fluctuates Amid Resignation And $4.3B Settlement

Changpeng Zhao's fortune sees ups and downs as he steps down from Binance and faces hefty fines.

Zenger

Binance CEO Steps Down Amid AML Breaches, Investor Eyes Compliant Alternatives

Changpeng Zhao's resignation and $50 million contribution follow regulatory settlement, Kevin O'Leary recommends M2 Exchange

The Independent UK

Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action

While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry

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